Platinum approaches the first target – Analysis – 3-12-2018

Platinum price recorded 794.00 level recently, approaching the first negative target, confirming the affection by the bearish bias domination, reminding you that the negative scenario will remain valid as long as the resistance line remains intact t 842.00, to continue suggesting more negative attempts that require breaking 775.00 followed by reaching 748.00 in the near term and medium term period.

We notice stochastic stability within the negative level to expect the attempt to crawl again towards the oversold areas and provide strong negative momentum to increase the chances of achieving the negative targets.

Expected trading range for today is between 825.00 and 750.00

Expected trend for today: Bearish